v3.26.1
Stock-Based Compensation
3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation
11. Stock-Based Compensation

Prior to the Company's initial public offering, the Company granted stock options under the Management Stock Incentive Plan (the “2021 Plan”) to certain key employees. In connection with our initial public offering, our board of directors adopted, and our stockholders approved, the 2025 Stock Incentive Plan (the “2025 Plan”), which became effective upon the completion of such offering and succeeded the 2021 Plan. The 2025 Plan authorizes the Company to grant stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance-stock units (“PSUs”) or other stock-based awards, to employees, directors or consultants of the Company and its subsidiaries. While certain stock options granted under the Company’s 2021 Plan remain outstanding, all stock-based awards made at the time of or following our initial public offering were made pursuant to our 2025 Plan. Additional information regarding the Company's stock-based compensation arrangements is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2026.

Stock-Based Compensation Expense

Stock-based compensation expense included in the consolidated statements of operations was as follows:

Three Months Ended June 30,
20262025
2021 Plan Stock Options$691 $— 
2025 Plan Stock Options160 — 
Restricted Stock Units2,660 — 
Performance Stock Units373 — 
Total stock-based compensation expense$3,884 $ 

Unrecognized Compensation Expense

As of June 30, 2026, total unrecognized compensation cost related to all unvested stock-based compensation awards was as follows:

2021 Plan Stock Options2025 Plan Stock OptionsRSUsPSUs
Unrecognized compensation costs$2,647 $1,173 $13,757 $4,704 
Weighted-average period over which cost is expected to be recognized (in years)0.392.922.663.11